STI SPX (Week closing 28 Sep 2018)

When US sneezes, STI catches a cold. Like it or not, we need to monitor the US markets.

  • SPX: Up (New high)
  • STI: Down-Sideways
  • S-REITs: Sideways

My opinion

  • STI downtrend remains for the week; closing at 3217.68.
  • STI is still weak. Although it managed to close above it’s 20-day moving average, it is still below its 50 and 200-day moving averages.
  • SPX made new high in the week, which helped lift STI; formed a new lower low.
  • If SPX uptrend is affected, STI/ S-REITs will likely drop further.

 

What STI stocks are at risk?

These 4 companies make up almost half of STI (46.9% specifically). If STI drops, they’re likely the biggest losers.

If SPX sneezes, these big fours may catch a cold:

  • $DBS(D05.SI) : 15.7% of STI
  • $OCBC Bank(O39.SI) : 11.6%
  • $UOB(U11.SI) : 11%
  • $SingTel(Z74.SI) : 8.6%

 

Week closing 28 Sep 2018

 

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